Allspring Global Investments has launched the Allspring (Lux) Worldwide Fund – Global Income Fund, a UCITS addition to its existing 17-strong Luxembourg range.

Allspring is an extensive provider of active fixed income solutions and is making this multi-sector fixed income fund available to meet increased demand for this strategy from investors across the UK, continental Europe and Asia, it said in a statement today (28 October).

The new fund is based on Allspring’s proven Income Plus strategy, previously available exclusively to institutional investors and as a US mutual fund. The investment approach is to target attractive income and total return by dynamically allocating capital throughout the global fixed income universe.

The strategy is unconstrained in nature and has the flexibility to invest across government, securitised, investment grade, high yield and emerging market debt markets.

This fund is designated as SFDR Article 8 and promotes environmental and/or social characteristics but does not have a sustainable investment objective.

The fund is registered for distribution in Luxembourg and UK and intends to be registered in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Hong Kong, Singapore and South Korea.

Andy Sowerby, head of the international client group at Allspring, said: “This is a timely and important launch as we continue to broaden Allspring’s UCITS range to meet the needs of our global clients.

"We are a leading provider of fixed income solutions and see the creation of the Allspring Global Income Fund as being a flagship offering that can help our clients navigate the complex and fast-moving fixed income markets”.